So if you can't take a pin based debit, it's still all good. Example, cost on a regular visa for a swiped transaction is 1.6325% + .10 a trans. That is COST (in the US), not including the processors profit, no matter what processor you're talking about, for a basic swiped transaction. Now, if you're with a processor that participates in check card rebates, your cost on the same transaction if it's a debit card where there is NO pin# being entered, the cost is 1.1225% + $.15 a transaction. It's a HUGE difference between the two but the kicker is most processors will not charge you the lower rate even though they are getting charged the lower rate from Visa/MC, they keep the difference for their profits. The thing is that processors do not have to give you the lower rates for debit cards because it's completely elective for them to do so. I hoped that helped a little.
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